Indeed, Sithanen and Ali Mansoor had already put them there right after the first of a series of bean-counting budgets back in June 2006 when they "let inflation come loose out of its moorings". The damage is substantial: cumulative inflation for the last 42 months will hit 30% by next week while the more vulnerable voters got clobbered with more than 40% cumulative inflation over the same period. And that's before the mess of the flat tax reform and playing Russian roulette with SC/HSC subsidies to quickly name just a few.
And unsurprisingly, as the above graphic shows, inflation in the country where both Sithanen and Mansoor studied economics has behaved much better.
1 comment:
Way too many people are still in that personal recession. That's what happens when government policy is crafted in the interests of one-percenters.
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